Barrington Research Weighs in on LKQ Co.’s FY2024 Earnings (NASDAQ:LKQ)

LKQ Co. (NASDAQ:LKQ) – Investment analysts at Barrington Research dropped their FY2024 EPS estimates for LKQ in a research note issued to investors on Tuesday, April 23rd. Barrington Research analyst G. Prestopino now expects that the auto parts company will post earnings of $3.90 per share for the year, down from their previous estimate of $4.05. Barrington Research currently has a “Outperform” rating and a $60.00 target price on the stock. The consensus estimate for LKQ’s current full-year earnings is $4.07 per share. Barrington Research also issued estimates for LKQ’s FY2025 earnings at $4.29 EPS.

LKQ (NASDAQ:LKQ) last announced its quarterly earnings results on Tuesday, April 23rd. The auto parts company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.13). LKQ had a net margin of 5.79% and a return on equity of 15.94%. The firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same period last year, the firm posted $1.04 EPS. The business’s revenue was up 10.6% compared to the same quarter last year.

Several other equities research analysts have also recently commented on the stock. StockNews.com cut shares of LKQ from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd. JPMorgan Chase & Co. dropped their price target on shares of LKQ from $65.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday, January 25th. Stifel Nicolaus reiterated a “buy” rating and issued a $66.00 price target on shares of LKQ in a research report on Tuesday, April 9th. Robert W. Baird dropped their price target on shares of LKQ from $58.00 to $54.00 and set an “outperform” rating on the stock in a research report on Wednesday. Finally, Roth Mkm reiterated a “buy” rating and issued a $65.00 price target on shares of LKQ in a research report on Tuesday. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $61.60.

LKQ Price Performance

Shares of NASDAQ LKQ opened at $42.92 on Thursday. LKQ has a fifty-two week low of $41.30 and a fifty-two week high of $59.38. The firm’s 50-day simple moving average is $50.97 and its 200 day simple moving average is $48.27. The company has a quick ratio of 0.53, a current ratio of 1.70 and a debt-to-equity ratio of 0.67. The stock has a market cap of $11.45 billion, a P/E ratio of 14.02 and a beta of 1.28.

LKQ Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th will be issued a dividend of $0.30 per share. The ex-dividend date is Wednesday, May 15th. This represents a $1.20 annualized dividend and a yield of 2.80%. LKQ’s payout ratio is presently 38.96%.

Insiders Place Their Bets

In other LKQ news, CEO Dominick P. Zarcone sold 200,000 shares of LKQ stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $51.97, for a total transaction of $10,394,000.00. Following the transaction, the chief executive officer now owns 386,522 shares of the company’s stock, valued at approximately $20,087,548.34. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.55% of the company’s stock.

Hedge Funds Weigh In On LKQ

Institutional investors and hedge funds have recently bought and sold shares of the business. OFI Invest Asset Management purchased a new position in LKQ during the 3rd quarter valued at about $26,000. CVA Family Office LLC bought a new stake in shares of LKQ in the 4th quarter valued at approximately $26,000. Private Trust Co. NA grew its stake in shares of LKQ by 228.4% in the 4th quarter. Private Trust Co. NA now owns 647 shares of the auto parts company’s stock valued at $31,000 after buying an additional 450 shares in the last quarter. NBC Securities Inc. bought a new stake in shares of LKQ in the 3rd quarter valued at approximately $34,000. Finally, Headinvest LLC bought a new stake in shares of LKQ in the 3rd quarter valued at approximately $34,000. Hedge funds and other institutional investors own 95.63% of the company’s stock.

About LKQ

LKQ Corporation engages in the distribution of replacement parts, components, and systems used in the repair and maintenance of vehicles and specialty vehicle aftermarket products and accessories. It operates through four segments: Wholesale-North America, Europe, Specialty, and Self Service. The company distributes bumper covers, automotive body panels, and lights, as well as mechanical automotive parts and accessories; salvage products, including mechanical and collision parts comprising engines; transmissions; door assemblies; sheet metal products, such as trunk lids, fenders, and hoods; lights and bumper assemblies; scrap metal and other materials to metals recyclers; and brake pads, discs and sensors, clutches, steering and suspension products, filters, and oil and automotive fluids, as well as electrical products, including spark plugs and batteries.